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Union Budget-2011-12 ----A review!

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T he union Economic Budget 2011-12 was a mixed bag.I would say Balanced Budget. (Though it was deviod of the bold  reform  measures  but yeah in the present economic scenario-national and international economic scenario this was expected and was rational) Some features which attracted me the most were- -->Road map towards fiscal consolidation(quite impressive target of 4.6% if achieved ) -->Reduced market borrowing by the Government (3.43 lakh cr ) which would avoid "crowd-out" of the private investment. -->A move towards further integration with the world economy (in terms of allowing foreign funds in Indian Mutual Fund). -->Reforms in Infrastructure financing (30,000cr Tax free Bonds+ long term fnance (corporate debt market)+ take out financing, foreign funds allowed fr this sector with some tax exemption) ...still a long way to go to meet this infra deficit. -->I also found the increase in salary for Anganwadi workers and helpers as a positive step. --